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- S.1677
S.1677: Responsible Estate Tax Act
About This Bill
- Introduced June 25, 2015
- Latest Major Action June 25, 2015
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Responsible Estate Tax Act Amends the Internal Revenue Code, with respect to estate, gift, and generation-skipping transfer taxes, to: (1) revise estate tax rates to impose an increased tax for estates over $3.5 million and a maximum tax rate of 55% for estates over $50 million, (2) impose a 10% surtax on estates over $500 million, (3) reduce the basic estate tax exclusion amount to $3.5 million, (4) increase to $3 million the reduction in...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
June 25, 2015 |
Read twice and referred to the Committee on Finance.
|
June 25, 2015 |
Introduced in the Senate by Bernard Sanders (ID-Vt.) |